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Singapore’s DBS has trumpeted the performance of its “flagship investment portfolio”, which it says has chalked up a record 7 per cent year-on-year gain as at the end of July, comfortably beating its benchmark.
The DBS Chief Investment Office (CIO) Barbell Strategy Portfolio is designed to explain long-term, irreversible growth trends while mitigating short-term volatility through income-generating assets. It is benchmarked against the Global Equities / Bloomberg Barclays US Agg Bond index.
More than S$1.2 billion ($878 million) of discretionary assets under management within the DBS Private Bank reference this strategy, the group said in a statement yesterday.
“2020 has been a stark reminder for investors to be positioned for long-term resilience. Amid slower growth and rising bifurcation, and with the global pandemic and political tensions still on the world’s radar, it is more important than ever to take a well-diversified approach that also considers post-pandemic opportunities,” Hou Wey Fook, chief investment officer, DBS Bank, said. “The DBS CIO Barbell Strategy Portfolio represents the bank’s view of the future, and with its dual focus on growth and income, seeks to help clients navigate the road ahead by providing a resilient solution to form the bedrock of their investment portfolios.”
The portfolio mirrors the CIO’s investment calls and is designed based on two anchor components: growth exposure to trends including digitalisation, e-commerce, healthcare, Millennials and China equities, where it generates a steady income stream for downside protection via exposure to dividend equities, REITs and corporate bonds.
Accredited investors from DBS Private Bank and DBS Treasures Private Client (TPC) can participate via the DBS CIO Barbell Note or the bank’s DPM service.